Curtiss-Wright Corporation $CW Shares Bought by KBC Group NV

KBC Group NV lifted its position in shares of Curtiss-Wright Corporation (NYSE:CW) by 353.4% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 5,046 shares of the aerospace company’s stock after acquiring an additional 3,933 shares during the period. KBC Group NV’s holdings in Curtiss-Wright were worth $3,437,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the company. Goldman Sachs Group Inc. boosted its stake in Curtiss-Wright by 10.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 213,101 shares of the aerospace company’s stock valued at $67,611,000 after purchasing an additional 20,379 shares during the period. Sivia Capital Partners LLC bought a new position in Curtiss-Wright in the 2nd quarter worth about $235,000. Northwestern Mutual Wealth Management Co. grew its position in Curtiss-Wright by 53.8% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 100 shares of the aerospace company’s stock worth $49,000 after purchasing an additional 35 shares during the last quarter. Marshall Wace LLP acquired a new stake in shares of Curtiss-Wright in the second quarter valued at approximately $5,423,000. Finally, Cresset Asset Management LLC raised its holdings in shares of Curtiss-Wright by 46.4% during the second quarter. Cresset Asset Management LLC now owns 1,442 shares of the aerospace company’s stock valued at $705,000 after buying an additional 457 shares during the last quarter. 82.71% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on CW. Weiss Ratings upgraded Curtiss-Wright from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday. Robert W. Baird set a $870.00 target price on Curtiss-Wright in a research report on Friday, May 8th. Morgan Stanley reaffirmed an “overweight” rating and set a $860.00 target price on shares of Curtiss-Wright in a research note on Wednesday, July 15th. Stifel Nicolaus boosted their price target on Curtiss-Wright from $724.00 to $768.00 and gave the stock a “hold” rating in a research report on Monday. Finally, Citigroup increased their price target on Curtiss-Wright from $775.00 to $793.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 1st. Three research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $773.67.

Insiders Place Their Bets

In other news, EVP John C. Watts sold 220 shares of Curtiss-Wright stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $752.91, for a total value of $165,640.20. Following the transaction, the executive vice president owned 3,962 shares of the company’s stock, valued at $2,983,029.42. The trade was a 5.26% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Gary A. Ogilby sold 399 shares of Curtiss-Wright stock in a transaction that occurred on Tuesday, June 9th. The stock was sold at an average price of $721.95, for a total transaction of $288,058.05. Following the completion of the transaction, the vice president directly owned 2,172 shares in the company, valued at $1,568,075.40. This represents a 15.52% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 3,119 shares of company stock worth $2,257,998. 0.51% of the stock is owned by corporate insiders.

Curtiss-Wright Stock Performance

Shares of NYSE CW opened at $749.68 on Friday. Curtiss-Wright Corporation has a 1 year low of $464.91 and a 1 year high of $808.16. The firm has a market cap of $27.69 billion, a P/E ratio of 54.92, a PEG ratio of 3.44 and a beta of 0.86. The stock has a fifty day moving average price of $745.86 and a two-hundred day moving average price of $706.41. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.05 and a current ratio of 1.52.

Curtiss-Wright (NYSE:CW) last posted its quarterly earnings data on Thursday, May 7th. The aerospace company reported $3.48 EPS for the quarter, topping analysts’ consensus estimates of $3.32 by $0.16. The company had revenue of $913.69 million for the quarter, compared to the consensus estimate of $863.83 million. Curtiss-Wright had a return on equity of 20.00% and a net margin of 14.17%.The company’s quarterly revenue was up 13.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.82 EPS. Research analysts forecast that Curtiss-Wright Corporation will post 15.22 EPS for the current fiscal year.

Curtiss-Wright Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, July 6th. Investors of record on Monday, June 15th were issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date of this dividend was Monday, June 15th. Curtiss-Wright’s payout ratio is presently 7.62%.

About Curtiss-Wright

Curtiss-Wright Corporation (NYSE: CW) is a diversified, global engineering company that designs, manufactures and services highly engineered products and integrated systems for the aerospace, defense, and industrial markets. Its offerings span a range of electromechanical, motion control and flow control technologies, including flight control and actuation systems, sensors and avionics components, pumps and valves, power conversion and heat exchangers, and platform integration solutions for marine and ground systems.